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20120907
20120907
Search Results 0 to 11 of about 12 (some duplicates have been removed)
have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis and said if not for what we had done, there
ahead. and if the united states locked in an economic cold war with china? the author of a new book says yes. he will tell us why he thinks u.s. companies and political leaders need a completely new battle plan to fight the chinese threat. hmmm. as we mentioned the dow only down about 17, 18 points right now. top of the hour. time for stocks as we do every 15 minutes. we head down to nicole petallides on the floor of the new york stock exchange. hey, nicole. >> hey, trace, good afternoon, everybody. the dow is down 18 points. it is off the highs we saw yesterday. closed at the highest level since december of 2007. today pulling back about 18 points. not really giving back that 244 point gain we saw yesterday. right now the nasdaq has a down arrow. the s&p is up one quarter of 1%. i want to look at a laggard though on the dow jones industrial average. that is kraft. when you look at kraft, they have two kinds of businesses. they have the international business and the north american business. they will be spinning off. that will happen october 1st. when they gave the projections for 2013
that word, the auto industry of the united states at that time? >> it sounds like rhetoric. but -- and it is rhetoric, i guess, because it's words. but i think they're actually factual words. president bush and hank paulson agree because they were the first ones to provide capital to the auto industry. if the government had not stepped in, these companies would have had to literally shut their doors, they would have run out of cash, had to lay off their workers. the suppliers would have gone down. ford would have gone down. the industry would have shut down. whether it would have ultimately liquidated would depend on what would have happened after that. >> that is not the case. and in fact we got some very strong numbers earlier this week. are you surprised at the strength of auto sales at this point? >> no, i'm not surprised because you need to sell 15 million cars a year in this country simply to keep the fleet from aging. and we have not done that now for over four years. this is unprecedented in american history. so you have a huge amount of pent-up demand for cars beca
. and that is why i am running for a second term as president of the united states. >> reporter: as joe biden likes to brag, bin laden is dead and detroit is alive. >> i met workers in detroit and toledo who feared they'd never build another american car. and today, they can't build them fast enough because we reinvented a dying auto industry that's back on top of the world. >> reporter: looking forward, the president favors keeping education and green energy programs. keeping medicare like it is. and he wants the rich to pay more for that. >> i never said this journey would be easy. and i won't promise that now. yes, our path is harder. but it leads to a better place. yes, our road is longer. but we travel it together. we don't turn back. we leave no one behind. >> reporter: i've done well, he said. and i need to do more. >>> now, nbc's bay area's own political analyst weighed in on the speech tonight. he said president obama took an entirely different approach tonight than his challenger, mitt romney, last week. >> go back and think about romney. romney is saying, listen. it's up to us individual
here in the united states of america! >> reporter: he even threw a few punches at mitt romney over foreign policy. president president you might not be ready for diplomacy with beijing if you can't visit the olympics without insulting our closest ally. >> reporter: vice president biden also laid out plenty of attacks while defending the president. >> this man has courage in his soul, compassion in his heart and a spine of steel. bin laden is dead and general motors alive! >> reporter: the night was filled with celebrities, performances and tears as former congresswoman gabby give fords delivered the pledge of allegiance. -- at the end of the night, the president hit home his same message from 2008. >> the president: if you share that faith with me, if you share that hope with me, i ask you tonight for your vote. >> reporter: the august jobs report was just released minutes ago and it is disappointing only 96,000 new jobs added, lower than expected on the flip side the unemployment rate dropped to 8.1% experts say only because fewer people are looking for work. brandi hitt, abc7 new
mall fillers, juvaderm, grew high single digit miss the united states. why will the second half be better? one of our competitors was taken off the market by an injunction. we are now regaining market share, year over year we should do better than market growth. 82% market share again in july. >> we spent a lot of time on migraine. i'm starting to see the ads. all these medical ads make it sound like you don't want to take the product. they have a million warnings. but are they driving people to the thousand some migraine specialists you have trained? >> we have both in print branded ads and unbranded ads which talk about the disease awareness about chronic migraine. we have tv ads unbranded as well. in a little way we could say there is a little bit of google how many minutes do they go through and do they go all the way to find a doctor. we have trained neurologists and there is the link. >> i promised you last time because you said, listen, jim. this is big. this is a big second half story. >> yeah. well, first of all, continual growth on this first indication and neurogenic
and the top 1% or 2% but you need some sort of tax overhaul to make the united states more competitive. connell: we talk about that a lot. the first part, i think it is pretty interesting especially from you. bill clinton argued nobody could have fooled us out of this economic mess in four years and included himself. it sounds like you think we could have been pull out of it but not in a way that some of argued. some argued we need a completely different prescription altogether. you say we needed more money spent than was spent. >> we needed more targeting of what was spent. health care was important but that should have been the second priority. first priority should have been no different than when roosevelt took office. the economy, stupid. you have to put people back to work and he has not done a good enough job and he has to get the best and brightest together and come up for the real dialogue. this is what i'm going to do. not just sweeping generalities or romney and ryan are retrograde to what failed in the first place. team needs a positive agenda for america. connell: let me a
of years here in the united states, no matter who's in charge. others think we're headed well down from here. how do you see it? how are you kind of playing this out? >> i really see that the u.s. has one of the most dynamic economies. a lot of entrepreneurs that can always figure out where else to take their companies. and i think this is -- we have seen that in shell gas, where shell gas went from nowhere to 50, 60, now 80 billion cubic meters of annual production. it's unbelievable. and i think this is something that, you know, we do believe in the u.s. economy in the fact that, you know, u.s. cooperations will always come up with new ways of satisfying that demand. >> andrei, thank you. >> thank you. >>> coming up, the jobs report could become a political football on the campaign trail. new england patriot president jonathan kraft will join us with a unique indicator. first, what happens when you send a conservative free market economist to the dnc with a microphone? peter shift found out and he'll join us live at 6:50 a.m. here's a little preview of that. >> how about a cap on prof
to disappoint and mitt romney really next to the president of the united states looks like someone with better ideas is going to fix this, then in the final weeks he could make the sale and win. >> what are those better ideas? you cannot say you have them and not present them, and i think that's what i hear from a lot of people as well who are those undecideds that i still wonder how undecided they are. nefrlgs, michael, i love you because you talk to people all day long on your radio show. what's the most common thing you hear right now, especially related to this specific jobs report after the convention? >> let me say, people seemed underwhelmed by the president's speech last night, tamron. one fellow from boston said it reminds him of the beatles. they had so many hits it reached a point where it was hard to have an extraordinary song because they already had a great catalog. by that he meant that the president has so often knocked it out of the park that the bar was very high for him, and it made it very difficult for him to have an extraordinary night last night. by all accounts it was a
as he coampaigns in new hampshire, in iowa. >> i accept your nomination as president of the united states. >> he stirred up the crowd at the democratic convention last night. the president highlighted the economy in his speech and tried to separate his views from republican challenger mitt romney. >> i refuse to ask middle class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. >> the speech now marks a turning point in the campaign season with just 62 days left until election day. >>> one nation under god, indivisible, with liberty and justice for all. >> an emotional moment at the convention. former arizona congresswoman gabrielle giffords led delegates in the pledge of allegiance. after the pledge, giffords blew kisses to the crowd as they cheered her name. last year's mass shooting in tucson left the former congresswoman with a severe brain injury. she resigned from congress earlier this year to focus on her recovery. >>> fresh off of bill clinton's enthusiastic endorsement of president obama at the dnc a
with the lowest unemployment rate in the united states. find out who it is and how he's doing it in a fox business exclusive. but back to this market that cannot decide whether to be up or down, let's get to the floor show right now. traders at the new york stock exchange, cme group and the nymex. it looks like a washout from the new york stock exchange, crossing 80 times the flat line, does what happens at the closing bell really matter today, versus how we trade on monday or in advance of what the fed does? >> well, it's an excellent point where you're unrscoring is the quandary that traders are in right now. they want to take it higher based upon central planning and central bank action, but then they pull away and they see notes like we got on intel today, and they worry about the fundamentals and the fundamentals actually support the equity prices up here. i think we'll probably run into the close and say a little flat. we will get the numbers here in about half hour. we can take a look at those now. they will truly come down to next thursday and what chairman bernanke has to say. the general
Search Results 0 to 11 of about 12 (some duplicates have been removed)